Seadrill Limited

OSLO : SDRL


December 11, 2012 02:55 ET

SDRL - Result of the mandatory offer for all outstanding shares in AOD

HAMILTON, BERMUDA--(Marketwire - Dec 11, 2012) - Reference is made to Seadrill Limited's ("Seadrill") mandatory offer to purchase all of the shares in Asia Offshore Ltd. ("AOD") at NOK 28.71 per share which expired on Monday, December 10, 2012 (the "Offer").

Seadrill has received acceptances of the Offer totalling 83,520 shares. This will, together with the shares already owned by Seadrill in AOD, take Seadrill's total holding of AOD shares to 26,463,050, representing approximately 66.16 percent of all of the issued shares in AOD.

Seadrill hereby announces that it will perform settlement of the Offer on the forthcoming Monday, December 17, 2012. As such, all AOD shareholders having accepted the Offer should have the funds available on their respective bank accounts shortly thereafter.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE

[HUG#1663950]

Contact Information

  • For further information please contact:

    Rune Magnus Lundetrae
    Chief Financial Officer
    Seadrill Management AS
    Tel: +47 51 30 91 26